Png market penetration
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Industrial Minerals & Energy Platform - a nation building win-win for Mayur
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With access to key raw materials, cheap power, cheap labour, and logistical advantages of being coastally located, PNG has all the key ingredients to supercharge its economy," Mulder added. One of the company's significant developments is the Orokolo Bay Industrial Sands Project, located in a new mineral province on the coast in Gulf Province. A pre-feasibility study has been completed for the project and a detailed feasibility study DFS is now underway. Mayur is expecting to generate revenue from a number of different products extracted from the same ore body, located at surface, once the project is operational. This project will focus on replacement of high cost imports of both cement and lime into a country where cement consumption per capita is amongst the lowest in the world. This is expected to grow rapidly with a new wave of major mineral and energy development projects and as the nation as a whole experiences further GDP growth. The proposed site for the cement plant, on the coastline adjacent to the limestone resource, also benefits from access to deep water immediately offshore.
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